132 Wallace Street, Mt Cook, Wellington

Prime Location - Strong Return - Multiple ...

Situated a few hundred meters between Wellington Hospital and Massey University and framed by Prince of Wales Park, this fully leased property stands as the epitome of prime real estate in the tightly held Mt Cook precinct.

Boasting nine-bedrooms spanning three tenancies, the investment component of this property yields a gross rental income of $128,700 per annum, ensuring a stable and predictable revenue stream while presenting a compelling financial opportunity for savvy-minded investors wishing to explore other options. Situated on an expansive 937 sqm (more or less) site, potentially opens doors to future residential development. This dual-purpose potential makes it a unique and versatile asset.

Don't miss the chance to be part of this exceptional investment opportunity that seamlessly combines commercial success with additional benefits so close to the heart of Wellington.

Property Features:
• Nine bedrooms, three separate tenancies
• Two tenancies each comprise two bedrooms, separate bathroom and generous living-room
• The third tenancy comprises five bedrooms, two large living areas, two bathrooms and separate laundry
• Drive-on access with 5+ carparks
• Professionally managed
• Fully Healthy Homes compliant
• Close proximity to Newtown shopping village, Woolworths supermarket, Massey University, Wellington Hospital
• Adjacent to Te Whaea - National Dance & Drama Centre
• LIM available

To register your interest and access supplementary documents, please copy and paste the following link into your internet browser: https://www.propertyfiles.co.nz/property/3307021

To be sold by Auction Wednesday 24th April 11am (unless sold prior).